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Finance Lease Liabilities | 12 Months Ended
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Mar. 31, 2025
Finance Lease Liabilities [Abstract] |
FINANCE LEASE LIABILITIES | Note 19 — FINANCE LEASE LIABILITIES The Company has entered into various non-cancellable finance lease agreements for certain Company’s vehicles. The Company determines if an arrangement is a lease, or contains a lease, at inception and record the leases in the financial statements upon lease commencement, which is the date when the underlying asset is made available for use by the lessor. Finance leases are included in property, plant and equipment and current and non-current finance lease liabilities on the consolidated balance sheets. Future finance lease payments as of March 31, 2024 and 2025, are detailed as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
Finance leases |  | S$ |  |  | S$ |  |  | US$ |
2025 |  |  | 190,711 |  |  |  | — |  |  |  | — |
2026 |  |  | 146,686 |  |  |  | 238,473 |  |  |  | 177,369 |
2027 |  |  | 116,289 |  |  |  | 200,085 |  |  |  | 148,817 |
2028 |  |  | 98,298 |  |  |  | 182,094 |  |  |  | 135,436 |
2029 |  |  | 46,876 |  |  |  | 128,072 |  |  |  | 95,256 |
2030 |  |  | — |  |  |  | 68,013 |  |  |  | 50,586 |
Thereafter |  |  | — |  |  |  | 75,113 |  |  |  | 55,867 |
Total future lease payment |  |  | 598,860 |  |  |  | 891,850 |  |  |  | 663,331 |
Less: Imputed interest |  |  | (51,187 | ) |  |  | (99,020 | ) |  |  | (73,648 | )
Present value of finance lease liabilities |  |  | 547,673 |  |  |  | 792,830 |  |  |  | 589,683 |
Less: Current portion |  |  | (168,192 | ) |  |  | (199,320 | ) |  |  | (148,248 | )
Long-term potion of finance lease liabilities |  |  | 379,481 |  |  |  | 593,510 |  |  |  | 441,435 |
The following table shows the weighted-average lease terms and discount rates for operating leases and finance leases:
|  | 2024 |  |  | 2025 |
Weighted average remaining lease term (Years) |  |  |  |  |  |
Finance leases |  |  | 3 |  |  |  | 3 |
Weighted average discount rate |  |  |  |  |  |  |  |
Finance leases |  |  | 5 | % |  |  | 4 | %
The components of the finance lease cost are as follows:
|  | For the years ended 31 March, |
|  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2025 |
|  | S$ |  |  | S$ |  |  | S$ |  |  | US$ |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of property, plant and equipment |  |  | 253,062 |  |  |  | 219,170 |  |  |  | 270,036 |  |  |  | 200,845 |
Interest on finance lease (Included in interest expense) |  |  | 41,225 |  |  |  | 80,461 |  |  |  | 39,858 |  |  |  | 29,645 |
|  |  | 294,287 |  |  |  | 299,631 |  |  |  | 309,894 |  |  |  | 230,490 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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